Posted by Valueseeker > 2017-04-01 22:01 | Report Abuse

Please refer FY 2016 Annual Report and do some calculation of the psf of some of these land bought prior to Year 2000. No estimated GDVs are included for some of these land.

Posted by Valueseeker > 2017-04-01 22:03 | Report Abuse

FY 2016 Annual Report - Elysia Medini - GDV RM 1.2 billion over 5 years.

Elysia Park Residence, Medini, Iskandar Malaysia
This 7.81 acres high-end high-rise development is a
joint venture between BCB Berhad (holding a 60%
equity stake) and a developer from Hong Kong,
China called United Harvest Group Company
Limited.

This is a 129 years leasehold project consisting
of 6 tower blocks sitting on a 9 storey car park
podium. It has a GDV of about RM1.2 billion and
will be developed over 5 years. Phase 1 has 981
units sited in 3 tower blocks. There are eight types
of unit layouts to choose from and they come in
various designs and sizes ranging from 516 s.f. to
1,252 s.f.

This project is expected to generate considerable
interest from locals as well as foreigners simply
because Medini is a special economic zone;
whereby foreigners are exempted from the
buying and selling restrictions imposed elsewhere
in the country. Phase 1 was officially launched on
August 7, 2015.
Despite the “over-supply” fear syndrome for all
development projects within Iskandar Malaysia
and difficulties encountered by buyers in
securing bank loans, the Group was fortunate as
it managed to secure quite a number of foreign
buyers. To-date about RM180 million in sales has
been recorded.

Posted by Valueseeker > 2017-04-01 22:05 | Report Abuse

FY 2016 Annual Report - Concerto Mont Kiara - completed , Balance unsold RM 120 million

Concerto North Kiara, Kuala Lumpur
A 440 unit high-end condominium project sited on
5 acres of freehold land and comprising 3 tower
blocks and a club house. This project is located in
the vicinity of Mont’ Kiara, Kuala Lumpur and has
a GDV of about RM560.0 million. To date, about
RM440 million worth of sales has been recorded.

Posted by Valueseeker > 2017-04-01 22:07 | Report Abuse

FY 2016 Annual Report

Home Tree at Kota Kemuning, Shah Alam,
Selangor - GDV RM 1.8 billion over 5 years

A high-end gated and guarded community sited
on 151 acres of land located along the Klang
river and comprising about 200 units of highend
bungalows plus various other categories of
houses and commercial properties. This project is
located in Kota Kemuning and has a 3.5 km long
river frontage. It was officially launched on June
22, 2013.

This development is a joint venture between
BCB Berhad (holding a 70% stake) and Land
Shine Limited, an affiliate of a reputable property
developer in Xiamen, China. It will have a nature
theme as it is fronting 3.5km of the Klang River. It
will be designed to harmonize with nature and
have club houses, jogging tracks, an esplanade
and observation decks along the water front.
The whole development project will have a
GDV of about RM1.8 billion and is targeted for
completion in about 5 years time. Phase 1 has
a GDV of about RM300million. To-date, about
RM280million worth of properties in phase 1 has
been recorded.

Subsequent launches of other phases will take
place in the first half of year 2017.

Posted by VenFx > 2017-04-01 22:08 | Report Abuse

I hv always mix BDB with BCB .

Posted by jayalbert > 2017-04-01 22:09 | Report Abuse

Ha ha @venfx dui.. Both r 3 letter words .. I know what u meant..

Posted by Valueseeker > 2017-04-01 22:29 | Report Abuse

From FY 2016 Annual Report

Land in Kluang, Johor Acres RM'000 Acquired/
Revaluation

Lot 6806 & 6808 Being developed as Freehold N/A 26.78 28,543 1/12/1996
Mukim of Kluang Taman Sri Kluang
District of Kluang, Johor

Lot 1574 Proposed residential & Freehold N/A 17.97 564 1/25/1991
Mukim of Kluang commercial
District of Kluang, Johor development

Lot 321 & Lot 440 Being developed as Freehold N/A 1.03 950 12/29/1999
Mukim of Kluang Taman Kluang Baru 2
District of Kluang, Johor

Posted by Valueseeker > 2017-04-01 22:32 | Report Abuse

From FY 2016 Annual Report

LAND IN BATU PAHAT, JOHOR ACRES / RM '000 /ACQUIRED/REVALUATION

Lot 4091 Being developed as Freehold N/A 11.64 14,622 12/7/1994
Mukim of Simpang Kanan, Taman Bukit Perdana II
District of Batu Pahat, Johor

Lot 559, 2954-2959, 2656 & 2660 Being developed as Freehold N/A 18.54 7,698 12/7/1994
Taman Bukit
Perdana III
Lot 2664-2666 Being developed as Freehold N/A 21.04 5,213 6/27/1994
Mukim of Simpang Kanan, Taman Bukit
District of Batu Pahat, Johor Perdana II

Lot 3131 Proposed residential Freehold N/A 4.05 259 9/6/1994
Mukim of Simpang Kanan, development
District of Batu Pahat, Johor

Lot 8096 Proposed residential Freehold N/A 2 569 12/13/2006
Mukim of Sri Gading development
District of Batu Pahat, Johor

Lot 8097 Proposed residential Freehold N/A 2 575 12/13/2006
Mukim of Sri Gading development
District of Batu Pahat, Johor

Lot 708 Proposed residential Freehold N/A 3 870 12/13/2006
Mukim of Sri Gading development
District of Batu Pahat, Johor

Lot 4852 - 4861 (Master Title) Proposed residential Freehold N/A 2.18 4,392 12/2/1993
PTD 41078 - PTD 41089 (New Title) development
Mukim of Simpang Kanan,
District of Batu Pahat, Johor

H.S.(D) 23056-23076, Proposed residential Freehold N/A 72.11 9,487 5/27/2009*
23081-23087 & 23181 development
Mukim of Simpang Kanan,
District of Batu Pahat, Johor

Lot 5267 & 7918 Proposed residential & Freehold N/A 7.07 2,085 3/20/2001
Mukim of Simpang Kanan, commercial
District of Batu Pahat, Johor development

H.S.(D) 23287, 23308-23337, Being developed as Freehold N/A 113.5 72,275 2/6/2002*
23526-23540, 23551-23565, Evergreen Heights
23581-23596, 23371-23388,
23464-23474, 23485-23525,
23566-23580, 36168, 36169,
36165, 36166
Mukim of Simpang Kanan,
District of Batu Pahat, Johor

Posted by Valueseeker > 2017-04-02 10:02 | Report Abuse

FROM FY 2016 ANNUAL REPORT

ACRES / RM '000 / ACQUIRED/REVALUATION

BATU PAHAT

Lot 4207 Proposed residential & Freehold N/A 35 5,915 9/23/2003
Mukim of Simpang Kanan, commercial
District of Batu Pahat, Johor development

H.S.(D) 43069-43075 Being developed as Freehold N/A 370 110,948 9/28/2009*
P.T.D. No.18607-18613, Bandar Putera Indah
Mukim of Linau,
District of Batu Pahat, Johor

Lot 375 Proposed commercial Freehold N/A 9.9 32,710 4/28/2015
Jalan Bakau Condong development
Mukim Bandar Penggaram
District of Batu Pahat, Johor
PONTIAN, JOHOR

Lot 4681, Mukim of Pontian Being developed as Freehold N/A 12.30 18,824 11/17/1994
District of Pontian, Johor Taman Megah

JOHOR BAHRU, JOHOR

Lot 2896 Being developed as Freehold N/A 18.59 27,296 10/30/2008
Taman Pulai Utama Taman Pulai Utama
Mukim of Pulai
Distric of Johor Bahru, Johor

PTD 102771, 102772, 102775, 141053 4 units of Freehold 8 year 0.16 2,298 02/01/2009
Mukim of Pulai Shop Offices & 16/03/2009
Distric of Johor Bahru, Johor

Plot No. A45-1, A45-2, A45-3 Proposed residential Leasehold N/A 7.81 180,600 12/6/2013
A46-1, A46-2, A46-3, A46-4 development (expiring
Mukim Pulai, Daerah Johor Bahru, 14.02.2137)
Medini Zone A
Plot C1, HS(D) 537374 Proposed residential Leasehold N/A 22.01 58,527 10/1/2015
PTD 199638 & commercial (expiring
Mukim Pulai, Daerah Johor Bahru, development 14.02.2107)
Medini Zone C

SEREMBAN, NEGERI SEMBILAN

Lot 5527 Being developed as Freehold N/A 1.0 1,191 7/15/1994
Mukim of Rantau, Taman Seremban Jaya
District of Seremban,
Negeri Sembilan

KUALA LUMPUR
Lot 9933 (Geran 6497) Proposed residential Freehold N/A 0.4 5,797 2/4/2010
Lorong Awan Jawa development
Taman Yarl
Mukim Petaling
Distric of Kuala Lumpur

Lot 1844 & Lot 1845 Proposed residential Freehold N/A 5.03 101,553 3/10/2010
(HS (M) 12718 PT 25954) development
Mukim Batu Daerah Kuala Lumpur

Lot 73478 & Lot 73479 Proposed residential Leasehold N/A 151.27 187,732 3/11/2011
H.S.(D) 69603 & 69604) development (expiring
Mukim Klang, Selangor Darul Ehsan 18.04.2101)

Posted by Valueseeker > 2017-04-02 10:25 | Report Abuse

From FY 2016 Annual Report
Bandar Putera Indah, Batu Pahat

This 390 acre mixed development township is
located in the vicinity of Tongkang Pecah, about
11km north-east of Batu Pahat town centre. This
entire project will have a GDV of about RM1.1 billion.
The concept here emphasizes quality living set
amidst natural surroundings with architecturally
attractive designs and beautifully landscaped
terrain.

Since its maiden launching in 2011, the take-up
rate has been very encouraging with phase 1
encompassing 20 acres of land fully sold and
completed. In July 2012, phase 2 was launched and
again the take-up rate was encouraging.
To date over 1,000 units have been sold with a total
sales value of about RM260 million. We will be rolling
out more new phases soon. We are confident of
this township’s future contribution to the Group’s
earnings.

Posted by Valueseeker > 2017-04-02 10:44 | Report Abuse

Summary of estimated GDVs :

Versis Batu Pahat RM 600 million
BCB Land, Batu Pahat RM 360 million
Medini Iskandar 3/5 shop lots RM 400 million
Elysia Park Residence, Medin Iskandar RM 1.2 billion
Concerto RM 560 million
Home Tree, Kota Kemuning RM 1.8 billion
Bandar Putera Indah, Batu Pahat RM 1.1 billion
Total : RM 6.02 billion

Total of RM 6.02 billion should exclude sales for Concerto RM 440 million, Elysia RM 180 million and Home Tree RM 280 million ( all from FY 2016 AR ) but does not include GDVs for on going projects in Batu Pahat , example Evergreen Heights and other locations in Kluang, Seremban, Pontian and JB totalling about 250 acres where no GDV figures can be obtained.

Net RM 6.02 B less RM 440 m less RM 180 m less RM 280 m equals RM 5.12 B

Posted by mahorse > 2017-04-03 09:05 | Report Abuse

Thanks for the effort, VS :) I wonder whether small caps like BCB with market cap of about RM 200 million will be covered by SC research scheme. It should be made mandatory for all listed companies to be covered at least once a year.

http://www.theedgemarkets.com/my/article/sc-launch-research-scheme-small-and-mid-cap-listed-companies

Posted by Valueseeker > 2017-04-03 10:55 | Report Abuse

Potentially more project :

Valueseeker : Extracted from iproperty.com magazine issue 133 March 2016

"What are BCB Berhad's future plans in Iskandar
Malaysia?

In Danga Bay, BCB is planning to develop a 90-acre
mixed development. Slated to be launched in 2018,
the waterfront project will comprise of 5-storey shop
lots, residential condominiums as well as a 5-star hotel
carrying an international brand."
23/03/2016 11:32

Posted by supersamy > 2017-04-05 16:46 | Report Abuse

gj value seker..jus keep it..will be another iwcity..who knows..

Posted by Stockker > 2017-04-06 20:24 | Report Abuse

BCB seems to be in a hurry to grow, with so many projects in hand. With market capitalisation of only RM 200 million, BCB should either merge with other listed companies or be acquired or JV with other listed companies.

Other than the Tan Sri, I do not see any competent top management. Compare this with other listed property stocks.

Stockker :BCB was quite busy with corporate activities in 2015 ie General Offer in June 2015 and share split in November 2015 but rather quiet in 2016 and 2017.

Any exciting developments expected ? Anybody have any input ?
26/03/2017 17:14

Posted by shernlee > 2017-04-07 21:02 | Report Abuse

nope..but a good counter to look at..no much movement though..

Posted by enid888 > 2017-04-08 23:54 | Report Abuse

Valueseeker, where is the exact location of the 90 acre land in Danga Bay? Is it near to Country Garden site or Tropicana site?

Posted by luckyman > 2017-04-09 22:10 | Report Abuse

http://bcbbhd.com.my/wp-content/uploads/2016/06/17_06%E4%B8%9C%E6%96%B9%E6%97%A5%E6%8A%A5_4.jpg

http://bcbbhd.com.my/news/bcb-riding-out-the-storm/

Posted by enid888 > 2017-04-10 18:19 | Report Abuse

Thks! Luckyman.

Posted by mahorse > 2017-04-10 22:18 | Report Abuse

Luckyman , the first article on Versis Medini, Versis Batu Pahat and Versis Kota Kemuning , what dioes it say ?

Posted by investbusiness > 2017-04-12 13:53 | Report Abuse

fly fly.

Posted by supersamy > 2017-04-12 14:54 | Report Abuse

jus buy and keepp..look at muiind..lots of ppl seen the company values..this will be nex

Posted by mahorse > 2017-04-12 15:26 | Report Abuse

If want to buy, read all the postings here, especially Focus magazine article " riding out the storm ". This is not a contra stock, illiquid. Look at its FY2016 AR : top 30 shareholders control more than 90 % of its shares ( excluding Treasury shares of 12 million plus ), most of the top 30 shareholders have been holding the shares for a very long time.

Posted by Stockker > 2017-04-13 10:50 | Report Abuse

BOD : LISTEN LISTEN LISTEN : SELL YOUR KOTA KEMUNING LAND !!! ( refer Focus Malaysia article )

Per your FY 2016 Annual Report : Details of your KK Land :

Land size : 151.27 acres Net Book Value @30/6/16 : RM 181.732 million ie RM 28.49 psf
Leasehold expiring 18/4/2101 ( balance 84 years )

Focus Malaysia said current market price is RM 150 psf, if so :
Your profit will be RM 800,668.394.00 ( RM 800 million !!! )

Even if say, you give a 30 % discount from market price , your selling price will be RM 105 psf, if so :
Your profit will be RM 504,148,949.00 ( RM 504 million !!! )

Say you cut to 50 % of market price, your selling price will be RM 75 psf, if so :
Your profit will be RM 306,469,319.00 ( RM 306 million !!! )

Compare these figures with this :

You say the GDV for this land is RM 1.8 billion over 5 years project. You have already completed RM 280 million. Balance GDV is RM 1.52 billion.

Your average ROE over the past 5 audited FY is about 12.56 % . Without the benefit of segmental profit of your various locations, say we take this against the potential GDV of RM 1.52 billion. Your projected profit before tax on this is only RM 190,912,000.00 ( RM 191 million !!! )

Isn't it a no brainer to sell your land ??? In addition, your leasehold land is depleting year by year.

Posted by enid888 > 2017-04-13 21:40 | Report Abuse

Stockker, your analysis is quite correct. If BCB is just planning to develope landed properties and some shops in this area, it will be more profitable to just sell away the land and BCB will make more money. Furthermore, the profits is realised immediately.

This area is already quite matured and the land is suitable for developing more value-added high rise condo, office and retail development.

Posted by mahorse > 2017-04-18 08:16 | Report Abuse

BCB top management needs a complete overhaul . No corporate / finance director / investor relations head to talk to investors . So below the radar . Staying underground . Where are the new launches ?

Posted by camel > 2017-04-18 13:31 | Report Abuse

yes, correct.

Posted by mahorse > 2017-04-22 17:52 | Report Abuse

The Edge : Should companies be forced to pay dividend?
By Liew Jia Teng and Cindy Yeap

Posted by luckyman > 2017-04-23 16:41 | Report Abuse

BCB connects with its investors/fans vide facebook :-


https://www.facebook.com/tansridatotansengleong/photos/pcb.739288206231513/739288196231514/?type=3&theater
https://www.facebook.com/BCBBerhad/

Posted by Stockker > 2017-04-23 21:13 | Report Abuse

In KSL Page :

Stockker Another strong property stock in Johor. Probably should merge with BCB Berhad who is also strong in Johor.
23/04/2017 17:50
X
Stockker Sorry, KSL is 6 times the size of BCB Berhad. Probably should acquire BCB Berhad due to its land bank in Batu Pahat, Medini and Kota Kemuning.
23/04/2017 17:52

Posted by Stockker > 2017-04-23 21:14 | Report Abuse

Stockker BCB seems to be in a hurry to grow, with so many projects in hand. With market capitalisation of only RM 200 million, BCB should either merge with other listed companies or be acquired or JV with other listed companies.

Other than the Tan Sri, I do not see any competent top management. Compare this with other listed property stocks.

Stockker :BCB was quite busy with corporate activities in 2015 ie General Offer in June 2015 and share split in November 2015 but rather quiet in 2016 and 2017.

Any exciting developments expected ? Anybody have any input ?
26/03/2017 17:14
06/04/2017 20:24

Posted by Stockker > 2017-04-23 21:14 | Report Abuse

Follow the lead of Hua Yang Berhad & Magna Prima Berhad

Posted by mahorse > 2017-04-27 20:25 | Report Abuse

Sometimes you wonder why companies like BCB Berhad wants to stay below the radar, shy to talk to fund managers/analysts although their financial performances have been good. You scratched your head and think deeper. They do not pay dividends, or hardly any dividends and yet the Board is packed with related parties, whether with solid experience or not. The controlling shareholders still regard the company as a private company, a training ground for the next generation. And who knows whether there is proper accountability with independent directors who have been with the companies for such a long long time . If you choose to invest in such companies, you must be prepared to question the management, write to MSWG ( minority shareholders watchdog group ). write to Bursa/SC etc, otherwise be prepared to bear the consequences.

The authorities are tightening the screws : see here : sooner or later, controlling shareholders will not be able to regard the PLCs as still their own private company.


http://www.thestar.com.my/business/business-news/2017/04/27/better-corporate-governance/

Posted by Valueseeker > 2017-05-11 20:29 | Report Abuse

BCB awards RM 207 million contract to Kerjaya Prospek - for 166 units of semi-Ds & 99 3 storey bungalows.

http://www.theedgemarkets.com/article/kerjaya-prospek-bags-rm20736m-contract

Posted by Stockker > 2017-05-12 10:21 | Report Abuse

2nd project awarded to Kerjaya Prospek, construction outfit of 8 times its size. Why not BCB consider a tie-up with Kerjaya, win-win situation. BCB with its large land bank and potential GDV of more than 5 billion and Kerjaya with its expertise on construction.

Kerjaya buys BCB, via issue of shares . That will be an interesting idea.

Posted by Valueseeker > 2017-05-26 08:32 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5438949

Revenue and earnings dropped due to completion of Concerto and Phase 1 of Home Tree. I think results for FY2017 is about this only as launching of Phase 2 Home Tree is coming soon.

Per report :

Phase 2 comprising 99 units of bungalows and 166 units of semi-Ds and Phase 5 comprising 23 units of 3 / 4 storey semi-D and bungalow shoplots are expected to
be launched soon. The Group is currently in the final stages of securing the necessary approvals from the relevant authorities before doing an official launch for both these two phases.
The Group is optimistic that these projects as well as existing ones will contribute positively to its earnings

Valueseeker BCB awards RM 207 million contract to Kerjaya Prospek - for 166 units of semi-Ds & 99 3 storey bungalows.

http://www.theedgemarkets.com/article/kerjaya-prospek-bags-rm20736m-contract
11/05/2017 20:29

Posted by Valueseeker > 2017-05-26 08:37 | Report Abuse

In addition, based on progress report, billings for Elysia Park Residence, Medini will only kick in during 1st quarter FY 2018

Posted by Valueseeker > 2017-05-30 20:18 | Report Abuse

Total units at Concerto is 440. That means sales of 72%, not good but not too bad.

kcgoh1234, if you are an owner, get some like minded owners elected to the JMC. Review the maintenance fees and expenses and question whether the increase is justify. Check whether service companies such as security, landscape, pool maintenance etc are hired based on tender basis. Question all.

Posted by RVI123 > 2017-06-13 13:32 | Report Abuse

Even Brem has gone up a lot, but BCB is still stagnant at RM0.47. BCB has some similarities with Brem. BCB has Concerto and Brem has Bukit Prima Pelangi in Mont Kiara North. BCB has Broad Tree in Kota Kemuning and Brem has Pelangi Heights in nearby Klang. Both of them are small capitalisation companies with BCB has RM188mil and Brem has RM344mil. Both are controlled by low profile Chinese corporate figures. In fact, BCB has very strong presence in Batu Pahat, Kluang and Johor Baru apart from Klang Valley . It has very stable and sizeble income stream in Johor market.

Posted by RVI123 > 2017-06-13 13:41 | Report Abuse

Anyone has any sales information on the remaining Concerto units? I hope Kcgoh1234 can provide some info.

Posted by xterrorsinx > 2017-06-14 01:34 | Report Abuse

Concerto left 100 units.

Posted by mahorse > 2017-06-14 08:02 | Report Abuse

From the information gathered., last quarter ending this month will still be quiet with the completion of 1st phase Home Tree and Concerto . But exciting FY 18 with numerous launches at Home Tree 2nd phase , semi-Ds and bungalows , Home Tree 4th phase shop lots , Versis Medini Johore shop lots , Versis Batu Pahat shop lots , numerous linked houses in Batu Pahat and Elysia Park Residence small units condominiums Block 1,2 and 3.

FY 30 June 2018 should be an exciting year.

Posted by RVI123 > 2017-06-15 17:11 | Report Abuse

Thanks, Xterrorsinx. Hope that they can clear the stock and turn them into cash.

Posted by mahorse > 2017-06-20 22:16 | Report Abuse

Somebody is collecting daily : )

Posted by Stockker > 2017-07-13 13:06 | Report Abuse

BCB official launch of Broadleaf , GDV 600 million plus.

http://www.theedgemarkets.com/article/bcb-unveil-broadleaf-residences-home-tree-kota-kemuning-next-month

Posted by luckyman > 2017-07-23 21:25 | Report Abuse

At least RM200 mil profit can be generated by the Phase 2 because the land cost was very low

Posted by mahorse > 2017-07-26 11:44 | Report Abuse

Came across another cheap buy : At RM 2.56 psf : 370 acres at RM 41.1 million in 2009

BCB is developing this as Bandar Putera Indah now : From FY 2016 AR

a) Bandar Putera Indah ( added another 20 acres later years ? )

This 390 acres township is an upcoming
satellite suburb of Batu Pahat. The proposed
high speed rail linking Kuala Lumpur to
Singapore is expected to have a station
nearby thereby increasing the township’s
appeal. Double storey terrace houses are
reasonably priced below RM500,000 per
unit.
Total GDV is about RM1.1 billion. To-date
about RM260 million worth of properties
have been sold.

http://www.insage.com.my/ir/cmn/news2xchng_view.aspx?FileName=854179&ContentType=1

Posted by mahorse > 2017-07-26 11:49 | Report Abuse

Can't open this :

http://www.insage.com.my/ir/cmn/news2xchng_view.aspx?FileName=854179&ContentType

Try this :

http://www.bursamalaysia.com/market/listed-companies/company-announcements/804673

Posted by Stockker > 2017-07-31 19:05 | Report Abuse

Elysia Park Residence, Medini added 5 new photos.

https://www.facebook.com/elysiamedini/?hc_ref=ARTzBvLxulVlCSBpGokoDQ-zxneccnnhqNvpsf1Rc6LybyvGaFfgJm5Ht0ulFHvrXDw

-Site Progress-
Tower 3: Level 24 Slab in progress
Tower 2: Level 16 slab in progress
Tower 1: Level 9 Transfer Plate in progress

Posted by Stockker > 2017-08-07 18:08 | Report Abuse

Location of Elysia, Medini short walk to Legoland.

https://www.facebook.com/elysiamedini/photos/a.691823344256385.1073741836.690060857765967/1176052829166765/?type=3